Stocks Climb to Record Amid Stimulus Discussions: Markets Wrap
- McConnell says relief talks should drop liability, state aid
- Both issues have been biggest roadblocks to an agreement
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Stocks rose to a record as stimulus talks tempered concern about tougher restrictions amid a surge in coronavirus cases.
The S&P 500 closed at an all-time high after Senate Majority Leader Mitch McConnell suggested setting aside some issues that have been roadblocks to a relief package -- a strategic retreat aimed at striking a deal. The Nasdaq 100 advanced for a 10th straight day, the longest rally in about a year. Pfizer Inc. jumped as U.S. regulators gave early indications they may grant emergency-use authorization to its vaccine. Tesla Inc. erased losses that were driven by plans to raise as much as $5 billion.